H-Energy through its wholly owned subsidiary, Western Concessions Pvt Ltd has entered into a binding commitment with Höegh LNG Holdings Ltd for the supply of its Floating Storage and regasification Unit (FSRU). Höegh Giant - FSRU will be deployed at its Liquefied Natural Gas (LNG) regasification terminal project located at Jaigarh Port in Ratnagiri district of Maharashtra, India for a 10-year agreement, starting its delivery in the first quarter of 2021 it is intended to be commissioned in March 2021, as India’s first FSRU based LNG terminal project.

The company is also building the Jaigarh LNG terminal for truck loading facilities to supply LNG through trucks to its customers. It further plans the development of L-CNG stations across India to increase the use of LNG and CNG as transportation fuel, contributing to the environment in line with the policy of the Government of India. The Höegh Giant was built in 2017 with storage capacity of 170,000 m3 and has a peak regasification capacity of 750 mmscfd (approximately 6.0 MMTPA).

The FSRU will provide regasified LNG to the 56 km Jaigarh-Dabhol pipeline connecting to the National Gas grid and will also deliver LNG onshore for LNG truck loading facilities. It is also capable of reloading LNG for providing bunkering services onto other LNG vessels.

Announcing the agreement and date of commission for the Jaigarh project, Darshan Hiranandani, CEO, H-Energy, shared, “We are very happy to have partnered with an experienced player like Höegh. This will enable the Jaigarh project to start delivering first gas by March 2021. The Government of India and the Petroleum and Natural Gas Regulatory Board have taken several positive steps recently including unified tariff and city gas distribution open access which will result in a multi-fold increase in the utilization of natural gas in India. We are confident that H-Energy will establish its presence as an efficient, economic and customer focused LNG value chain player in India.”

For more information: www.henergy.com